GoDaddy Inc. (NYSE:GDDY) Shares Acquired by Vestcor Inc

Vestcor Inc increased its position in GoDaddy Inc. (NYSE:GDDY) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,890 shares of the technology company’s stock after buying an additional 2,641 shares during the period. Vestcor Inc’s holdings in GoDaddy were worth $6,689,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of GoDaddy in the third quarter valued at approximately $27,000. Anchor Investment Management LLC acquired a new position in shares of GoDaddy in the third quarter valued at approximately $31,000. Versant Capital Management Inc acquired a new position in shares of GoDaddy in the fourth quarter valued at approximately $43,000. Rakuten Securities Inc. grew its holdings in GoDaddy by 311.3% in the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 165 shares during the period. Finally, Friedenthal Financial purchased a new stake in GoDaddy in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Trading Up 1.2 %

GDDY opened at $174.48 on Thursday. The stock has a market capitalization of $24.66 billion, a PE ratio of 27.05 and a beta of 1.25. The firm’s fifty day moving average price is $194.00 and its 200 day moving average price is $182.46. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. GoDaddy Inc. has a 12-month low of $115.19 and a 12-month high of $216.00.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.01). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. As a group, research analysts expect that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Roger Chen sold 1,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $207.35, for a total value of $207,350.00. Following the sale, the chief operating officer now owns 184,632 shares of the company’s stock, valued at $38,283,445.20. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Mccaffrey sold 5,500 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $199.01, for a total transaction of $1,094,555.00. Following the completion of the sale, the chief financial officer now directly owns 84,300 shares in the company, valued at approximately $16,776,543. This trade represents a 6.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,480 shares of company stock valued at $3,849,169. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GDDY shares. B. Riley boosted their target price on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a report on Friday, February 14th. Royal Bank of Canada restated an “outperform” rating and issued a $230.00 target price (up from $190.00) on shares of GoDaddy in a report on Wednesday, December 4th. Wells Fargo & Company started coverage on shares of GoDaddy in a report on Monday, February 3rd. They issued an “equal weight” rating and a $198.00 target price for the company. UBS Group boosted their target price on shares of GoDaddy from $172.00 to $225.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group boosted their price objective on shares of GoDaddy from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $213.20.

GoDaddy Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.